Texas would need about $81.5 billion a year to end property taxes, officials say

  • Completely eliminating Texas’ high property taxes would have cost the state $81.5 billion last year — or more than half the state’s current two-year budget — state budget officials told Texas senators Wednesday. Credit: Jordan Vonderhaar for The Texas Tribune
    Completely eliminating Texas’ high property taxes would have cost the state $81.5 billion last year — or more than half the state’s current two-year budget — state budget officials told Texas senators Wednesday. Credit: Jordan Vonderhaar for The Texas Tribune

    Sept. 4, 2024

    “Texas would need about $81.5 billion a year to end property taxes, officials say” was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues.

    Texas would have to spend tens of billions of dollars to get rid of the state’s property taxes, state budget …